Empower posts record Q3 earnings, Shawn Beber joins as Mesirow CEO and more: Corporate roundup. Plus, Luigi Andriani joins Transamerica, PIABA announces new president and Carson Group adds Marietta Wealth Management November 6, 2026 Empower announces record Q3 earnings. Denver-based recordkeeper Empower on Nov. 5 announced third quarter 2026 after-tax earnings of $364 million, a 15% jump from the same period a year earlier. The company said the growth comes from favorable equity markets, improving wealth management net flows and continued operating leverage, all supported by its ongoing investments in automation, technology and business transformation. Highlights for the quarter include: - Empower Personal Wealth recorded net inflows of $2.5 billion during the quarter, supported by improved rollover activity following the completion of several business transformation initiatives. - Workplace Solutions and Personal Wealth base earnings up 15% and 28% respectively, year over year. - Assets under administration reached $2.3 trillion. - Empower now serves more than 22 million participants and investors across its business lines. "Empower continues to deliver strong financial performance, reflecting the strategic investments we've made in our business over many years," said Edmund F. Murphy III, president and CEO of the company. "Our focus on expanding our capabilities, strengthening our technology and improving how we serve clients is producing results." Other accomplishments during the third quarter included closing the acquisition of the Milliman business, first announced earlier in 2026. Empower's Wealth business generated $2.5 billion in net inflows. Empower parent company Great West noted that Retirement and Wealth businesses, which represent more than half of its base earnings, have seen double-digit base earnings growth, as well as 16% average year over year growth in client assets, in both businesses. "Great West continues to build on strong momentum across our global enterprise, delivering another excellent quarter for our shareholders," said David Harney, president and CEO of Great West. Mesirow announces Shawn Beber as CEO. Chicago-based financial services firm Mesirow announced this week that Shawn Beber will serve as the company's next Chief Executive Officer. Beber joins Mesirow after more than two decades at the Canadian Imperial Bank of Commerce (CIBC), where he held senior leadership roles across businesses including U.S. Commercial Banking & Wealth Management, Risk Management, Legal and Strategic & Corporate Development. Most recently, Beber served as president and CEO of CIBC Bank USA. He played a crucial role in CIBC's expansion in the U.S., including the $5 billion acquisition of The Private Bank in 2017. "Shawn has proven to be an extraordinary leader with the experience, judgment and ability to bring people together to serve clients and grow businesses," said Richard Price, who will continue to serve as Mesirow's Executive Chairman. "He understands that lasting success comes from investing in our people, and I am confident that he will lead Mesirow with the same dedication that has defined our success." Beber has a long history of civic engagement and community investment, with service in a variety of Chicago-area organizations including the Northwest Memorial Foundation Board, the Board of Trustees at the Illinois Holocaust Museum and Education Center, and the Board of Directors at the Executives' Club of Chicago. Beber is also a member of the Commercial Club of Chicago. "Mesirow has built an exceptional firm grounded in its entrepreneurial spirit and a deep commitment to clients," Beber said. "These qualities are a clear reflection of the strength of Mesirow's people and the culture that has been built over generations, and I am honored to join Mesirow to continue building on the firm's momentum and delivering meaningful value to the clients and communities we serve." Luigi Andriani leads Transamerica's Pooled Plans development. Transamerica announced Luigi Andriani has joined the company as senior director of Pooled Plans Product Development within its Retirement Solutions business. In this role, Andriani will oversee Transamerica's pooled plan product roadmap and strategy, supporting growth across pooled employer plans, multiple employer plans and Retirement Plan Exchange solutions. He will lead market analysis, identify and develop product opportunities, and manage key institutional pooled plan relationships. Andriani brings more than a dozen years of retirement product leadership, including experience launching and scaling pooled employer plans. Most recently, he served as head of Product and Strategy for Group Retirement at Equitable, where he held several product development roles. Earlier in his career, he was an annuities wholesaler for AXA Distributors, building a strong background in sales strategy, advisor engagement and market execution. "Luigi brings product vision and pooled plan experience to help build on Transamerica's legacy and leadership in this important market segment," said Jason Frain, Head of Retirement Solutions at Transamerica. "His perspective will strengthen how we evolve our solutions and expand access to pooled plans that help more employers and their employees prepare for the future." PIABA announces new president for 2026-2027. The Public Investors Advocate Bar Association (PIABA) has announced that Joseph Wojciechowski, the managing partner of Chicago's Stoltmann Law Offices, P.C., has been sworn in as the organization's new president. Wojciechowski's objectives for the upcoming term include efforts to champion the rights of individual investors, not Wall Street organizations. Those include a focus on modernizing FINRA, pushing financial service companies to combat fraud and protect American investors, as well as making the SEC more accountable in its efforts to expand access to crypto and other alternative investments, without adequate guardrails to protect investors. PIABA will also continue to fight for change in investment advisor arbitration. Stoltmann Law Offices is an investor rights and consumer rights firm, and Wojciechowski has worked as an advocate and trial lawyer representing retirees and investors in securities and investment fraud litigation. "American retail investors, Main Street as I like to refer to them collectively, have not been under attack like they have been under Trump 2.0 since before the Great Depression," Wojciechowski said. "I am eager to work and fight alongside PIABA's members and other stakeholders, and ride out and meet these challenges for America's Main Street investors, seniors, retirees and veterans." PIABA also announced that Courtney Werning will serve as the Executive Vice President and President Elect. Jon Furgison was elected as the incoming Vice-President along with August Iorio as Secretary and Joshua Kons as Treasurer. Keith Griffin has also joined as a new Board member. Carson Group adds Marietta Wealth Management. Carson Group announced this week that Atlanta-area Marietta Wealth Management has joined the company's integrated channel as a Carson Wealth office. The multigenerational firm currently oversees nearly $1.6 billion in assets under advisement. Marietta Wealth Management, led by managing partners and wealth advisors Scott Keller, Charlie Holloway, Ben Crowe and Wes Hackney, has deep roots in the Atlanta community. The firm is known for its comprehensive financial planning, investment management, tax planning and retirement planning for individuals, families and business owners. "This team faced a challenge familiar to many successful advisory firms today," said Burt White, CEO of Carson Group. "They wanted to keep growing, expand what they can offer clients and create long-term continuity without losing the planning philosophy and culture that made them successful." Through the new partnership, Marietta's clients will continue to work with the advisors and service team they know, while the advisors will gain access to Carson's Private Client Services, investment research and planning and operational support. "We were looking for a partner that would allow us to keep serving clients the way we always have while giving us the scale, resources and expertise to do even more for them," said Scott Keller. "Carson stood out because of its proven track record in helping firms remain local while continuing to grow." Michael Belluomini, SVP of Mergers and Acquisitions with Carson Group, said the company was won over by the Marietta team from their first conversation. "We were so impressed by the four principals, their strong culture and the business they've built that we made it a priority to get to Atlanta and spend more time with them in person," he said. "They have an exceptional support team, a tremendous runway for growth and a shared commitment to putting clients first." Keep up with the news, trends, products, and policy shaping the retirement plan industry.

CIBC Global Asset Management recognized for investment excellence at the 2026 LSEG Lipper Fund Awards. Nov 06, 2026, 10:00 ET TORONTO, Nov. 6, 2026 /CNW/ - CIBC Global Asset Management(TM)(CIBC GAM) today announced it received four awards at the 2026 Canada LSEG Lipper Fund Awards, reflecting the firm's commitment to delivering innovative, high-quality investment solutions to Canadian investors. "We're honoured to be recognized for delivering investment solutions that help clients achieve their goals with confidence," said Meric Koksal, Executive Vice-President and Head, CIBC Global Asset Management. "These awards reflect the deep expertise of our team, the strength of our partnerships and growing demand for our ETF and investment solutions." CIBC Global Asset Management was recognized for the following funds: * CIBC Core Fixed Income Pool (ETF Series): Best 'Canadian Core Plus Fixed Income' fund over 5-year period * CIBC Canadian Small-Cap Fund (Class F): Best 'Canadian Small/Mid Cap Equity' fund over 3-year period * CIBC International Equity Fund (Class A): Best 'International Equity' fund over 10 years * Renaissance Floating Rate Income Fund (Class F): Best 'Floating Rate Loan' fund over 3-year period About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre. About CIBC Global Asset Management CIBC Global Asset Management(TM)(CIBC GAM), the asset management subsidiary of CIBC, is one of Canada's largest asset managers. Established in 1972[1], CIBC GAM offers a broad range of investment solutions, including mutual funds, ETFs, portfolio solutions, alternative investments, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. With teams across Canada and the US, CIBC GAM serves retail, high-net-worth and institutional clients in North America and institutional clients worldwide. As of September 30, 2026, CIBC GAM managed $430 billion in assets under management.[2] For more information, visit cibc.com/gam or follow us on LinkedIn and YouTube. [1] CIBC Global Asset Management (previously known as TAL Global Asset Management Inc.) was founded in 1972 as a privately-owned investment manager. CIBC took an ownership stake in 1994, eventually assuming 100% in 2001. [2] Includes $59 billion in notional currency, $140 billion in CIBC Private Wealth Advisors, Inc. (US) assets and $29 billion in third-party sub-advised assets. All figures in CAD. As at September 30, 2026. (R)/(TM) The CIBC logo and "CIBC Global Asset Management" are trademarks of CIBC, used under license. CIBC Global Asset Management is a brand name under which CIBC Asset Management Inc. operates About LSEG Lipper Fund Awards The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper. LSEG Lipper Fund Awards, (C) 2026 LSEG. All rights reserved. Used under license. Renaissance Floating Rate Income Fund (Class F) was awarded the Lipper Fund Award 2026 Canada in the Floating Rate Loan fund category over the 3-year period ending July 31, 2026, out of a total of 13 funds. Fund performance for the period ended September 30, 2026, is: 5.0% (1 year), 8.4% (3 years), 7.7% (5 years), 5.7 (10 years) and 6.8% (since inception September 19, 2013) net of fees. CIBC Core Fixed Income Pool (ETF Series) was awarded the Lipper Fund Award 2026 Canada in the Canadian Core Plus Fixed Income fund category over the 5-year period ending July 31, 2026, out of a total of 26 funds. Fund performance for the period ended September 30, 2026, is: 0.7% (1 year), 5.1% (3 years), 1.6% (5 years), N/A (10 years) and 1.5% (since inception October 29, 2020) net of fees. CIBC Canadian Small-Cap Fund (Class F) was awarded the Lipper Fund Award 2026 Canada in the Canadian Small/Mid Cap Equity fund category over the 3-year period ending July 31, 2026, out of a total of 29 funds. Fund performance for the period ended September 30, 2026, is: 28.9% (1 year), 30.3% (3 years), 17.1% (5 years), N/A (10 years) and 22.4% (since inception July 6, 2020) net of fees. CIBC International Equity Fund (Class A) was awarded the Lipper Fund Award 2026 Canada in the International Equity fund category over the 10-year period ending July 31, 2026, out of a total of 55 funds. Fund performance for the period ended September 30, 2026, is: 14.5% (1 year), 16.8% (3 years), 10.2% (5 years), 10.5 (10 years) and 6.7% (since inception September 29, 2006) net of fees. Renaissance Floating Rate Income Fund (Class F) was awarded the Lipper Fund Award 2026 Canada in the Floating Rate Loan fund category over the 3-year period ending July 31, 2026, out of a total of 13 funds. Fund performance for the period ended September 30, 2026, is: 5.0% (1 year), 8.4% (3 years), 7.7% (5 years), 5.7 (10 years) and 6.8% (since inception September 19, 2013) net of fees. This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The CIBC ETFs and Mutual Funds are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs) and mutual fund investments. Please read the simplified prospectus, Fund Facts or ETF Facts document before investing. Mutual Funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returns as at September 30, 2026, including changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc. Past performance may not be repeated and is not indicative of future results. Renaissance Investments are offered by CIBC Asset Management Inc.(R) Renaissance Investments is a registered trademark of CIBC Asset Management Inc. SOURCE CIBC For further information: For further information: Kira Smylie, CIBC Communications & Public Affairs, [email protected] or 416-980-2949